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November 12, 2007
And I'm sure they're worth every dollar!
The Chronicle of Higher Education special on executive compensation (subscription only) is out - here's the New York Times version. Here's probably all you need to know, unless you're interested in who makes what:
But officials at high-pay institutions defend the salaries, saying they result from intense competition to hold onto talented executives necessary to help build institutional wealth and prestige. They say that running a large university is increasingly similar to running a corporation.
Let me point out that I had literally never heard of the institution with the 2nd highest pay - Philadelphia University. Never heard of it. The Times web page doesn't provide a link - you have to google it yourself - which I suppose means Philadelphia University is too low profile to generate a search in the Times archives? Odd. Now I haven't heard of every college and university in America, but still!
Posted by CrankyProfessor at November 12, 2007 8:16 AM